Posted on 02/23/2022 5:23:55 PM PST by SteveH
Oh, cool, Coin Porn! Thank you!
s’all right...
My father, who has since passed away, used to tell me repeatedly: There are two values for coins, that of the raw metal in which the coin itself is made of and then then value of the coin itself. Heads up.
There are at least THREE values for coins:
1. The FACE value (if it is a $20 Gold Eagle, it has a FACE value of $20).
2. The INTRINSIC value (i.e., the value of the metal). Thus, a $20 Gold Eagle would have the INTRINSIC value of one ounce of gold.
3. The value to COLLECTORS. Thus, if that particular coin were extremely rare, its value to COLLECTORS might actually exceed the intrinsic value (and most certainly the face value).
Regards,
And there you have it.
So anyone asserting that a coin(s) seems high priced compared to the value of the metal its made of is missing what?
Re: 5 - I hear ‘ya. The Type II reverse designs are not my cup of tea. I like to purchase/collect American Eagles just as a hobby, but after looking at all the Type II reverse designs for gold and silver AEs, will be passing on purchase/collecting them. I don’t find them appealing to look at. I’m guessing I’m in the minority.
Are you being serious? Are you asking in earnest?
What I clearly said already: Number 3: The Sammlerwert or Liebhaber value. The value of the coin - which might be made of mere base metals, and have a face value of a penny - to collectors / numismatists.
Regards,
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